GitLab Inc. Reports Strong Q3 Growth and Leadership Change

Gitlab, Inc. Class A ( (GTLB) ) has released its Q3 earnings. Here is a breakdown of the information Gitlab, Inc. Class A presented to its investors.

GitLab Inc. is a leading AI-powered DevSecOps platform that supports organizations in accelerating software development with improved security and operational efficiency. In its third quarter of fiscal year 2025, GitLab reported a significant revenue increase of 31% year-over-year, amounting to $196 million. The company also announced a major leadership change with Bill Staples appointed as the new CEO, while co-founder Sid Sijbrandij transitions to Executive Chair.

GitLab’s financial performance this quarter showcases strong growth, with notable gains in both GAAP and non-GAAP operating margins. The company achieved a GAAP net income of $29.6 million, a substantial turnaround from a loss of $285.2 million in the same quarter last year. Non-GAAP net income also rose to $39.1 million from $14.4 million year-over-year. Additionally, GitLab’s customer base continues to expand, with a 16% increase in customers generating over $5,000 in annual recurring revenue and a 31% increase for those over $100,000.

The company’s recognition as a leader in the Gartner Magic Quadrant for DevOps Platforms for the second consecutive year highlights its market position. GitLab also announced a new integrated offering with AWS, enhancing its AI-powered developer experience. The release of Advanced SAST for GitLab Ultimate customers marks another step in strengthening its security offerings.

Looking ahead, GitLab remains optimistic with a projected revenue of $205 to $206 million for the fourth quarter of fiscal year 2025 and expects to maintain its growth trajectory. The management’s outlook reflects confidence in continuing to deliver responsible growth and further innovations in its platform.